Tesla, Inc. (NASDAQ:TSLA) CFO Vaibhav Taneja Sells 7,000 Shares of Stock

Tesla, Inc. (NASDAQ:TSLA) CFO Vaibhav Taneja sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $383.11, for a total transaction of $2,681,770.00. Following the sale, the chief financial officer now directly owns 108,965 shares in the company, valued at approximately $41,745,581.15. The trade was a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Vaibhav Taneja also recently made the following trade(s):

• On Monday, January 6th, Vaibhav Taneja sold 7,000 shares of Tesla stock. The stock was sold at an average price of $413.56, for a total value of $2,894,920.00.
• On Friday, December 6th, Vaibhav Taneja sold 2,606 shares of Tesla stock. The stock was sold at an average price of $374.21, for a total value of $975,191.26.
• On Monday, December 2nd, Vaibhav Taneja sold 7,000 shares of Tesla stock. The shares were sold at an average price of $354.43, for a total value of $2,481,010.00.
• On Monday, November 11th, Vaibhav Taneja sold 4,000 shares of Tesla stock. The stock was sold at an average price of $350.00, for a total transaction of $1,400,000.00.
• On Friday, November 8th, Vaibhav Taneja sold 8,000 shares of Tesla stock. The shares were sold at an average price of $300.37, for a total transaction of $2,402,960.00.

Tesla Stock Down 3.6 %

Tesla stock opened at $378.17 on Thursday. The company’s 50-day moving average price is $406.20 and its two-hundred day moving average price is $301.73. The stock has a market cap of $1.22 trillion, a price-to-earnings ratio of 185.38, a PEG ratio of 6.79 and a beta of 2.34. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. On average, analysts expect that Tesla, Inc. will post 2.82 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TSLA. Czech National Bank boosted its position in Tesla by 6.9% during the 3rd quarter. Czech National Bank now owns 565,270 shares of the electric vehicle producer’s stock worth $147,892,000 after acquiring an additional 36,544 shares during the period. Bank of New Hampshire grew its position in Tesla by 16.7% during the third quarter. Bank of New Hampshire now owns 420 shares of the electric vehicle producer’s stock valued at $110,000 after purchasing an additional 60 shares in the last quarter. Greenfield Savings Bank increased its stake in Tesla by 20.7% in the 3rd quarter. Greenfield Savings Bank now owns 5,035 shares of the electric vehicle producer’s stock valued at $1,317,000 after buying an additional 862 shares during the period. Versant Capital Management Inc boosted its stake in shares of Tesla by 12.7% during the 3rd quarter. Versant Capital Management Inc now owns 3,125 shares of the electric vehicle producer’s stock valued at $818,000 after buying an additional 353 shares during the period. Finally, Chapin Davis Inc. grew its holdings in shares of Tesla by 2.4% during the 3rd quarter. Chapin Davis Inc. now owns 2,742 shares of the electric vehicle producer’s stock valued at $717,000 after acquiring an additional 65 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on TSLA shares. Jefferies Financial Group upped their price objective on Tesla from $195.00 to $300.00 and gave the company a “hold” rating in a research note on Thursday, November 14th. Truist Financial lifted their target price on shares of Tesla from $351.00 to $373.00 and gave the stock a “hold” rating in a research note on Thursday, January 30th. StockNews.com lowered Tesla from a “hold” rating to a “sell” rating in a research note on Friday, January 31st. Phillip Securities downgraded shares of Tesla from a “moderate sell” rating to a “strong sell” rating in a research report on Wednesday, November 13th. Finally, New Street Research upgraded Tesla from a “neutral” rating to a “buy” rating and set a $460.00 price target on the stock in a research note on Monday, January 6th. Nine research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and an average target price of $318.31.

About Tesla

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.